Aterian, Inc. (NASDAQ:ATER) Sees Large Increase in Short Interest

Aterian, Inc. (NASDAQ:ATER) was the target of a significant growth in short interest during the month of November. As of November 30th, there was short interest totalling 286,100 shares, a growth of 10.8% from the November 15th total of 258,300 shares. Approximately 4.2% of the shares of the company are sold short. Based on an average daily volume of 53,000 shares, the short-interest ratio is currently 5.4 days.

Aterian Stock Performance

NASDAQ ATER opened at $2.35 on Friday. The business’s fifty day moving average is $2.73 and its 200 day moving average is $2.79. The company has a market capitalization of $20.57 million, a PE ratio of -0.86 and a beta of 2.04. Aterian has a fifty-two week low of $1.90 and a fifty-two week high of $6.54.

Aterian (NASDAQ:ATER) last announced its quarterly earnings data on Monday, November 11th. The company reported ($0.25) earnings per share (EPS) for the quarter, topping analysts’ consensus estimates of ($0.55) by $0.30. The firm had revenue of $26.24 million during the quarter. Aterian had a negative net margin of 17.05% and a negative return on equity of 56.01%.

Institutional Investors Weigh In On Aterian

Several institutional investors and hedge funds have recently modified their holdings of the stock. Jane Street Group LLC purchased a new position in Aterian during the third quarter valued at $33,000. XTX Topco Ltd bought a new position in shares of Aterian during the 2nd quarter valued at about $59,000. Finally, Essex Investment Management Co. LLC purchased a new position in shares of Aterian during the third quarter valued at about $102,000. Institutional investors own 7.02% of the company’s stock.

About Aterian

Aterian, Inc, together with its subsidiaries, operates as a technology-enabled consumer products company in North America and internationally. Its platform offers home and kitchen appliances; kitchenware; cooling and air quality appliances, such as dehumidifiers; health and beauty products; and essential oils under the Squatty Potty, hOmeLabs, Mueller, Pursteam, Healing Solutions, and Photo Paper Direct brand names.